Local Bounti (Local Bounti) Research & Development : $16.00 Mil (TTM As of Mar. 2024)

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What is Local Bounti Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Local Bounti's Research & Development for the three months ended in Mar. 2024 was $3.49 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2024 was $16.00 Mil.

Local Bounti Research & Development Historical Data

The historical data trend for Local Bounti's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Local Bounti Research & Development Chart

Local Bounti Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Research & Development

1.08

3.43

14.06

16.09

Local Bounti Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Research & Development	Get a 7-Day Free Trial									3.58	3.53	5.00	3.98	3.49

Local Bounti Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $16.00 Mil.

Local Bounti (NYSE:LOCL) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Local Bounti Research & Development Related Terms

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Local Bounti (Local Bounti) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Local Bounti Corp (NYSE:LOCL) » Definitions » Research & Development

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 W. Main Street, Hamilton, MT, USA, 59840

Website

https://www.localbounti.com

Local Bounti Corp is a controlled environment agriculture company. Its business model is based on building local facilities, operated by local teams, to deliver fresh and quality produce to local communities while maintaining a limited carbon footprint. Using proprietary technology to grow leafy greens and herbs in smart greenhouses with a cultivation process that uses less water and land than conventional agriculture, free from herbicides or pesticides, it delivers products that have a longer shelf life, and are good in taste.

Executives

Kathleen Valiasek	officer: Chief Financial Officer	AMYRIS, INC., 5850 HOLLIS STREET SUITE 100, EMERYVILLE CA 94608
B. David Vosburg	officer: Chief Innovation Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Travis M. Joyner	director, officer: Co-Chief Executive Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Anna M. Fabrega	officer: Chief Executive Officer	C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Edward C Forst	director	85 BROAD STREET, NEW YORK NY 10004
Matthew Nordby	director	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Craig M. Hurlbert	director, officer: Co-Chief Executive Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Mark Joseph Nelson	director	LOCAL BOUNTI CORPORATION, 220 W MAIN STREET, HAMILTON MT 59840
Jennifer Carr-smith	director	28 LIBERTY STREET, NEW YORK NY 10005
Brian C. Cook	officer: President	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Margaret Mccandless	officer: General Counsel & Secretary	C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Charles R. Schwab	10 percent owner	PO BOX 2226, PALM BEACH FL 33480
Mark Alan Mckinney	officer: Chief Operating Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Gary Hilberg	officer: Chief Sustainability Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Pamela Brewster	director	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840